CURIOUS: What are your chances of getting approved for Federal student loan consolidation?

Also, Do debt consolidation companies include federal educational loans into the consolidation?

If you have a federal student loan, and the loan company offered a 1800 # for a consolidation company to take the loan and pay it?


Your chances are prob pretty good to consolidate federal student loans. Don't consolidate federal student loans in any non-student loan consolidation loans, your interest rate will likely be higher and the interest you pay would no longer be tax deduct


Your chances are prob pretty good to consolidate federal student loans. Don't consolidate federal student loans in any non-student loan consolidation loans, your interest rate will likely be higher and the interest you pay would no longer be tax deduct

are there any lenders that do federal student loan consolidation? not private loans?

it seems like there aren't any lenders that do federal student loan consolidation programs. Are there any out there? not private loans.so far it seems like the dept of ed has ended other programs. please help
thanks Ruth. Can you ask your relative


I believe I read that you can not consolidate federal student loans.
Why would you want to? For convenience?
If you consolidate with a bank, you will only pay higher interest rates.
Convenience will never be worth that much money.

Federal student loan consolidation

student-loans-consolidation1.c om The cost of higher education continues to rise. Many students are unable to afford to finish college. Because of ...

Education Loan & Financing Summit -- Future on Investing & Servicing Student ...

PORT WASHINGTON, NY, Mar 29, 2012 (MARKETWIRE via COMTEX) -- iiBIG's 2012 Education Loan & Financing Executive Summit, scheduled for May 9-10, 2012 in Washington, D.C., occurs at a crucial time. With the majority of education financing now being provided by the Federal government, not only has the environment of providing capital for education to student borrowers dramatically changed, but so has the availability of capital for schools.

The student loan industry is still very much in transition. Traditional sources of capital have diminished, and in some cases been eliminated altogether. At the same time, the need for capital is increasing. Industry consolidation continues, legacy FFELP and private loan portfolios are in need of long term financing, auction-rate, and other securitizations are ripe for restructuring and/or refinancing and demand for private student loans continues to increase.

federal student loan consolidation - Bookshelf


Costs and Policy Options for Federal Student Loan Programs
36 pages
Costs and Policy Options for Federal Student Loan Programs

Both programs offer so-called Stafford loans to undergraduate and graduate students. Those loans make up the bulk of federal student loans, accounting for more than 80 percent of new loan volume each year (excluding consolidation loans ) ...

Federal student loans
211 pages
Federal student loans

Level playing field issues include eliminating the differences between consolidation loans in the two programs (and ... the federal guarantee, providing assistance to lenders to prevent defaults, monitoring student loan status and ...

Your Federal Student Loans: Learn the Basics and Manage Your Debt
49 pages
Your Federal Student Loans: Learn the Basics and Manage Your Debt

Consolidation Loans Should I consolidate my loans? A federal consolidation loan may help make payments more manageable for some by combining several federal student loans into one loan with one monthly payment.

Is A Federal Student Loan Consolidation An Option For You ...

Copyright 2005 Dean Shainin

There are several advantages when you get a federal student loan consolidation. You can take advantage of fixed interest rates, lower monthly payments, one payment each month, get payment incentives and get new or renewed deferments.

There is usually not a minimum loan balance required with this type of loan program. Also, you have the option of which loans you may want to include and money saving payment incentive plans with some federal student loan consolidation programs.

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